Military Expenditure in New Zealand increased to 3008 USD Million in 2020 from 2927 USD Million in 2019. source: SIPRI

Military Expenditure in New Zealand averaged 1739.12 USD Million from 1956 until 2020, reaching an all time high of 3008 USD Million in 2020 and a record low of 998 USD Million in 1962. New Zealand Military Expenditure - values, historical data and charts - was last updated on September of 2021.

Military Expenditure in New Zealand is expected to reach 2250.00 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Military Expenditure is projected to trend around 2380.00 USD Million in 2022, according to our econometric models.

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New Zealand Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
3008.00 2927.00 3008.00 998.00 1956 - 2020 USD Million Yearly
Constant 2019 prices

New Zealand Government Last Previous Highest Lowest Unit
Government Debt to GDP 27.00 19.00 54.80 4.40 percent of GDP [+]
Government Budget -7.50 2.40 4.50 -8.90 percent of GDP [+]
Government Budget Value -23057.00 7429.00 7429.00 -23057.00 NZD Million [+]
Government Spending 13811.00 13639.00 13811.00 5489.00 NZD Million [+]
Government Revenues 116003.00 119293.00 119293.00 23033.00 NZD Million [+]
Fiscal Expenditure 138916.00 111439.00 138916.00 25381.00 NZD Million [+]
Government Debt 83375.00 57736.00 83375.00 405.00 NZD Million [+]
Credit Rating 93.00 [+]
Military Expenditure 3008.00 2927.00 3008.00 998.00 USD Million [+]